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The dollar broke its minimum value of the year and reached August 2023 levels

The dollar broke its minimum value of the year and reached August 2023 levels

The banknote traded lower for the second consecutive day and failed to rebound in the midst of a very negative March.

Photo: Pexels

He dollar fell 0.78% compared to Monday and closed at 37,507 pesos, breaking its lowest value of the year and reaching levels it had not reached for almost 8 months, according to the official price of the Central Bank of Uruguay (BCU).

In this way, the banknote is going through a negative March in which it continues to lose competitiveness, with a monthly decline that reaches 3.94%, maintaining the range of 37 pesos reached on March 21. Meanwhile, so far this year, the dollar accumulates a depreciation of 3.88%, compared to the last exchange day of 2023.

On the reference board of the Republic Bank (BROU), the retail dollar bill was offered at 36.30 pesos for purchase and 38.70 pesos for sale. For its part, the preferential value of eBROU dollar It was at 36.80 pesos for purchase and at 38.20 pesos for sale.

The closing price of the day in the Uruguayan Electronic Stock Exchange (Bevsa) It was 37,500 pesos, while the maximum price was 37,700 pesos, and the minimum was 37,450 pesos. On this day, the number of transactions was a total of 44, with a transaction amount of 22.3 million dollars.

The crypto Tether (USDT)1 to 1 parity with he dollarwas quoted today at an average of 40.27 pesos for online purchases through a bank or card, and from 39.98 pesos to 42.62 pesos in the Binance peer-to-peer (P2P) market.

The quote of dollar prex It was at 37.41 pesos for purchase, and at 37.79 pesos for sale.

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The dollar, at its lowest value since August 1

He dollar is going through a sustained decline and reached its lowest level in almost 8 months. The fact is that to reach a similar value of the US currency we have to go back to August 1, when the bill was quoted at 37,496 pesos and the criticism for the exchange delay They were commonplace, as is now beginning to happen in some sectors.

To make matters worse, the behavior of the banknote at a global level is different, since The dollar index rose 0.06% today, to 104.28, while the euro fell 0.05%, to $1.0831, as investors continue to wait for a new catalyst that will give clues about the policy of the United States Federal Reserve (Fed).

The dollar over the past five days

  • March 19 — 38,499
  • March 20 — 38,095
  • March 21 — 37,706
  • March 22 — 37.89
  • March 25 — 37,802

Source: Ambito

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